AMD announced a definitive agreement to acquire World Labs, the physical AI startup founded by Fei-Fei Li, for $8.2 billion in an all-stock deal that will see Li join AMD as executive vice president and chief scientist.
Posted inMarkets
Brent Crude Hits $108 Before Settling at $105 as Iran Diplomacy Collapses
Oil prices surged Monday after President Trump rejected Iran’s Strait of Hormuz proposal, with Brent crude touching $108.48 intraday before settling at $105.28 as equities slid and Treasury yields rose.
Posted inEconomy
RBA Raises Rate to 4.6% for Fourth Time in 2026, Flags Further Hikes
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.6% on Tuesday in a unanimous decision, citing Middle East energy disruption and AI-driven technology price pressures as the main drivers of persistent inflation.
Posted inGeopolitics
Trump Rejects Iran’s Hormuz Offer as Brent Crude Tops $107
President Trump dismissed Tehran’s proposal to reopen the Strait of Hormuz within seven days in exchange for sanctions relief, sending Brent crude above $107 a barrel in Monday trading.
Posted inWorld
Five London Men Arrested Near RAF Fairford on Terrorism Suspicion
British counter-terrorism police arrested five London-based men near the US-operated RAF Fairford base on September 27 after suspicious vehicles appeared near the perimeter, releasing all five on bail after extensive interviews.
Posted inTech
Newsom Orders California AI Safety Review After Reversing Course on Regulation
California Governor Gavin Newsom directed two state agencies this month to draft AI safety recommendations by November 16, signalling a shift after vetoing stricter AI legislation in 2024.
Posted inMarkets
Bitget Loses $387 Million in Year’s Largest Crypto Hack, North Korea Suspected
Crypto exchange Bitget confirmed losses of $387.5 million after a September 24 breach of its hot wallets, with CEO Gracy Chen citing patterns consistent with North Korean hacking operations.
Posted inEconomy
China Industrial Profit Growth Slows to 4.2% in August as Demand Weakens
China’s National Bureau of Statistics reported Monday that industrial profit growth fell to 4.2% year-on-year in August, sharply down from 11.2% in July, as weak domestic demand offset an AI-driven surge in electronics.
Posted inGeopolitics
China Gave Iran Satellite Imagery Used to Strike US Base in Jordan
The Wall Street Journal reports that Chinese entities provided Iran with high-resolution satellite imagery used in the July 17 strike on Muwaffaq Salti Air Base in Jordan, which killed three US soldiers.
Posted inWorld
Swiss Voters Reject Kremlin-Endorsed Neutrality Initiative by 70%
Switzerland’s voters turned out to defend governmental flexibility on sanctions and NATO cooperation, handing the SVP-backed neutrality initiative its sharpest defeat in decades.